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The first table contains a list of U.S. states and territories by annual median income. The second table contains a list of U.S. states and territories by annual mean wage. Information from an unknown source; Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2]
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. The BEA defines regional price parities as an estimate of "the differences in price levels across ...
They make $4.86, more than $2.50 over the federal tipped minimum wage of $2.13, because their wage is set at 67% of the regular federal minimum wage. Looking ahead: As in many other states ...
The minimum wage is a legally mandated minimum amount of money employers must pay. While most states have their minimum wage, states that have not set one, like Louisiana and Mississippi, must meet...
Using the 50-30-20 budget rule, which allocates 50% of income for necessities, the study doubled the total annual expenditure on necessities in order to determine the "living wage" in each state ...
Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics.
The Pew Research Center developed the formula, which determined that 52% of adults live in middle-income households, 29% live in lower-income households and 19% live in upper-income households.